Tri-State Timber Company
How we got $2.9M
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 18 years (since 2008)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 31% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TRI-STATE TIMBER COMPANY this business | $4.8M | — |
| KEVIN STOREY Haworth · 1 employees | $797K | 6.2 mi |
| RANDY HOPSON LOGGING INC. Eagletown · 1 employees | $604K | 9.4 mi |
| HARRISON LOGGING, LLC Haworth · 18 employees | $7.6M | 10.1 mi |
| JASON GREEN TRUCKING INC. Haworth · 3 employees | $2.2M | 10.1 mi |
| R AND S LOGGING INC. Broken Bow · 13 employees | $4.3M | 10.9 mi |
| HADLEY BROTHERS TIMBER AND LOGGING INC. Eagletown · 5 employees | $2.7M | 11.6 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.9M |
| Estimate: the two combined (geometric mean) | $4.8M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $751K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $2.9M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.5M – $3.9M |
| Revenue range | $3.2M – $5.5M |
| EBITDA range | $494K – $856K |
| Industry (NAICS) | Agriculture, Forestry, Fishing (113310) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: approximate sector default. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingFirstBankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| FirstBank PPP 2020, PPP 2021 | All 263 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $103K | 10 |
| 2/12/2021 | second | $125K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tri-State Timber Company
Tri-State Timber Company is an agriculture, forestry, fishing company in Haworth, Oklahoma, in business since 2008. Its estimated annual revenue is about $4.8M, with roughly $751K of EBITDA. It has about 10 employees. Its estimated business value is $2.9M (likely range $1.5M–$3.9M).
Common questions
- Who owns Tri-State Timber Company?
- The owner of Tri-State Timber Company isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Tri-State Timber Company make?
- SeeBITDA estimates Tri-State Timber Company's annual revenue at about $4.8M (likely between $3.2M and $5.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tri-State Timber Company worth?
- About $2.9M, roughly 3.8× its estimated EBITDA of $751K, typical for a agriculture, forestry, fishing company its size. Likely range: $1.5M–$3.9M.
- How many employees does Tri-State Timber Company have?
- About 10, as reported on its PPP loan.
- When was Tri-State Timber Company founded?
- Tri-State Timber Company has been in business since 2008.